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BRIEF-Biox extends bridge note

Published 2017-05-15, 08:12 p/m
© Reuters.  BRIEF-Biox extends bridge note
BX
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May 15 (Reuters) - Biox Corp BX.TO :

* Biox extends bridge note and announces that it has received a non-binding offer regarding an acquisition by its principal shareholder group

* Proposal where CFFI Group would acquire all common shares of company not owned by CFFI Group for consideration of C$1.23 per share

* Board of directors has determined to proceed with negotiating definitive transaction agreements for proposed transaction

* Board formed a special committee of independent directors at outset of discussions with CFFI Group to review acquisition proposals Source text for Eikon: ID:nCNWjF6CPa Further company coverage: BX.TO

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